Grace Life-tech Holdings Implements Strategic Measures to Address Financial Concerns
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Grace Life-tech Holdings Limited (HK:2112) has announced strategic measures to address financial concerns, including expanding its plant stem cell business and engaging new customers. The company is working on a debt restructuring proposal and has waived approximately US$9.9 million in accrued interest. Additionally, it has partnered with a strategic partner in the PRC to enhance operations and is controlling administrative costs for efficiency. Grace Life-tech aims to strengthen supplier cooperation and expand its presence in the Greater Bay Area, with a current market cap of HK$90M.
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